One of the most important issues currently facing the Middle East is the changing composition of its demographic structure. A massive cohort of young people – known as a youth bulge – is challenging policymakers, with youth policy affecting security, education, the labour market and welfare programmes, among other areas. Given the relative...
The UAE is one of the UK’s most important international partners, and we are proud of our friendship. Like the UK, the UAE has a rich cultural heritage, and we are delighted that its leaders are setting the UAE on an impressive course of innovation and openness.
One of the key pillars of Dubai’s developmental blueprint, Dubai Plan 2021, is the creation of a forward-looking, proactive government that is in touch with the desires of the people, with whom its dealings are characterised by transparency and fairness. The largest revamp in the federal government’s history, announced by Sheikh Mohammed bin...
In 2015, for the first time, the rate of extreme poverty was projected to fall below 10%. Our research and experience tells us that three things have been critical to reducing poverty and boosting prosperity: inclusive economic growth, investments in health and education, and insuring against risks that can plunge the vulnerable into poverty...
Dubai’s economy is the result of a decades-long pursuit of diversification which has brought evolution into a variety of offerings, featuring services, finance, trade and global connectivity that has made the emirate a cross-continental meeting point for commerce. Dubai has felt the impact of the fall in crude prices since mid-2014, but it now...
After years of speculation, an agreement signed in February 2016 has brought clarity regarding the introduction of value-added tax (VAT) to Dubai. The UAE, along with states around the Gulf, will begin to implement VAT from January 1, 2018, and will thereafter have a full year to fully establish the new tax.
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